You may already know this story. It is in USA Today, which has the highest circulation of any national U.S. Newspaper.
www.usatoday.com/...
WASHINGTON — Democratic presidential nominee Joe Biden topped President Donald Trump in August fundraising by $154.5 million, likely giving the former vice president's campaign a significant funding edge for the final two months of the race.
The Trump campaign, the Republican National Committee and their joint fundraising committees raised $210 million last month, they reported Wednesday. That's far short of the $364.5 million August haul the Biden campaign, the Democratic National Committee and their joint fundraising efforts announced last week.
[...]
The disparity comes as Trump confirmed Tuesday he's considering putting his own money into the race, which would be a departure from the way most incumbent presidents operate their reelection campaigns. Bloomberg reported Trump has discussed spending as much as $100 million on his own race.
But the icing on this cake of glee, is that Trump’s donors are………….
As the President’s campaign struggles with a
cash crunch following an incredibly expensive few months of campaigning,
it’s also confronting a growing and related problem: More and more of its most dedicated donors have “maxed out” and are no longer eligible to give money. These donors, according to federal election records, are part of a growing list of Trump supporters who have met or exceeded the legal limit for contributions to a campaign in a given election period, $2,800. They represent one drawback to Trump’s decision to launch his reelection campaign immediately after taking office in 2017: Many of his most dedicated supporters began donating weekly or monthly then, rather than closer to the 2020 election. In some cases, these donors kept giving beyond the legal limit, creating an additional headache for the Trump campaign.
A recent Federal Election Commission document listing the excess Trump contributions runs more than 850 pages of itemized donations to the Trump campaign, ten times the size of the Biden campaign’s list of maxed out donors.
[...]
The timing of the spike in maxed out donors and excess donations is unfortunate for the Trump campaign. In any other election year, its August fundraising haul would be great news for an incumbent president: Between the campaign itself, the Republican Party and their joint fundraising committees, Trump’s team brought in $210 million in August, the campaign announced Tuesday, a mammoth figure.
And that’s not all!
President Donald Trump on Wednesday night defended his campaign raising less cash in August than Democratic rival Joe Biden, who raked in a record-breaking $364 million last month, on Wednesday night by claiming he didn’t want help from big donors.
When Fox News host Sean Hannity asked if Trump running fewer ads than Biden in Florida was a “strategy” and mentioned that the President was “shy of $300 million” (which is false; the Trump campaign had raised $210 million last month), Trump claimed his campaign has “a lot of money coming in from small donors.”
Donald Trump has fallen 77 places in Forbes' ranking of the 400 richest Americans in 2020 as his properties take a coronavirus hit
- President Donald Trump is worth $2.5 billion, down from $3.1 billion in 2019, Forbes estimates.
- The president's net worth drop is reportedly due to the declining values of the Manhattan towers that make up the bulk of his net worth as the coronavirus pandemic upends the real estate market.
- Several Forbes 400 members in the media, oil, and hospitality sectors such as Warren Buffett and Sheldon Adelson lost billions as the coronavirus pandemic upended their businesses.
- Other billionaires, like Amazon's Jeff Bezos, still managed to make tens of millions of dollars over the past 12 months.
- Visit Business Insider's homepage for more stories.
President Trump's fortune has taken a hit: He is nearly $600 million less rich than he was 12 months ago, dropping him 77 spots down the Forbes 400 list of the wealthiest Americans. A large portion of Trump's fortune is held in a cluster of office and residential towers in Manhattan, whose value has slid as the coronavirus pandemic has upended New York's real estate market as a whole. Forbes now estimates that Trump has a net worth of $2.6 billion, placing him at No. 352.
A representative for Trump at the Trump Organization did not immediately respond to Business Insider's request for comment on the president's net worth or position on the Forbes 400 list.
And if you were wondering why Trump has sacrificed nearly 200,000 innocent Americans to COVID-19, the answer is quite simple……………….it was to boost his own self-worth.